PV inverter manufacturer, Power-One reported net sales of US$267 million, with Renewable Energy Solutions contributing US$191 million and Power Solutions segment sales reaching US$76 million for the fourth quarter of 2011. Driving sales was greater market penetration in the utility-scale sector in North America and Asia-Pacific, as revenue in these regions increased to 25%, compared to 17% in the prior quarter. Power-One had sales of 829MW of PV inverters in the fourth quarter.
Continued overcapacity and weak demand in the wafering sector has forced Bekaert to reduce wire saw manufacturing capacity with the loss of 1,250 jobs. Restructuring started in December 2011, which included reducing production in China.
Vitronic’s VINSPECsolar electroluminescence inspection system is designed to detect defects within solar cells that could influence electrical performance of the solar module. By using electroluminescence inspection, all defect areas are automatically detected, displayed and classified by relevant software before lamination, so that reworking can increase the module's efficiency. Archived electroluminescence images of the finished module also serve as proof of the delivered quality.
Continuing with the impact of overcapacity and falling prices, REC has said that another long-term wafer sales contract signed in the 2006-2008 period had been terminated. REC said that it would receive a cash compensation of approximately US$34.2 million (NOK 220 million) in relation to the cancellation. REC did not disclose the customer involved.
GT Advanced Technologies has announced the commercial availability of its DSS 450 MonoCast crystal growth system. Modules produced from material grown in the furnace are claimed to rival modules that incorporate traditional boron-doped batch CZ monocrystalline wafers in terms of total output. The DSS450 MonoCast furnace incorporates a number of new features that result in ?80% mono volume yield per slabbed ingot and significantly increases Grade I wafers (>90% mono area/wafer) per ingot than other cast mono technologies.
Yingli Green is to supply project developer, IBC Solar, with 180MW of multicrystalline and monocrystalline (Panda) PV modules in 2012 under a new supply agreement. IBC has an option for a further 20MW under the new agreement. IBC is expected to use the modules in projects within Germany, Europe and other regions during the year.
Major materials provider to the PV industry, DuPont reported Electronics & Communications segment sales of US$630 million in the fourth quarter, a decline 18% compared to the same period last year, with 33% lower volume which was offset by 15% higher prices. PV related revenue represent about 40% of DuPont’s electronics segment sales. Management noted that material destocking at PV manufacturers had continued in the fourth quarter due to inventory issues, impacting pre-tax earnings, which were down from US$56 million in the fourth quarter of 2010 to US$42 million in the fourth quarter of 2011.
Major polycilicon producer, Wacker Chemie saw an abrupt demand decline in the fourth quarter of 2011 as PV customers reduced inventory levels and cancelled contracts due to some customers exiting the industry. Polysilicon spot prices fell below Wacker’s long-term pricing levels for the first time in many years, sparking price renegotiations.
Stäubli Robotics has launched the TP80 fast Picker, an ultrafast four-axis new technology of high-speed pickers for standard pick & place applications, delivering speeds of more than 200 picks per minute and more flexibility at a lower cost, according to the company.
Continued restructuring, inventory sell-off and higher than expected price declines in the fourth quarter, further impacted fourth quarter and full-year financial results at Conergy. Preliminary revenue results were reported to have reached €755 million in 2011 but losses are expected to be in the range of €80-€85 million, higher than previously guided losses of €50 to €55 million. Operating cash flow was said to be positive in the fourth quarter.
